McDonald's deal gives 'more flexibility'

Carlyle says the new deal will help boost the McDonald's brand after 2014's "expired meat" scandal - with a focus on menu innovation, enhanced restaurant convenience, retail digital leadership and delivery.

PHOTO: AFP

Singapore

CHANGE is coming to McDonald's in China and Hong Kong after The Carlyle Group, together with Chinese state-backed conglomerate Citic, bought a majority stake in the fast food giant's operations in the two markets.